Crypto News

- Ethereum hit $4,000 on Friday for the first time in 2025 and the first time since December, but analysts say the second biggest cryptocurrency could hit even higher prices before the end of the year. Prospects for Ethereum's Growth In July, Arthur Hayes said the price could surge to $10,000 in 2025. The passage of landmark stablecoin legislation in the US will likely embolden financial institutions to bet big on cryptocurrencies pegged to the US dollar. Stablecoin issuers have become de facto funders of America’s deficit budget by buying US Treasuries, which means the crypto market’s liquidity is deeply tied to government debt markets, Hayes argued. Tether, the biggest stablecoin issuer, holds $120 billion in US Treasury bills...

- 2025: The Year of Crypto Access & Regulation The Crypto Industry Proves Resilient Cryptocurrencies and the digital asset market have come a long way since an anonymous person or group, dubbed “Satoshi Nakamoto,” released the 2008 Bitcoin whitepaper. Over the years, crypto’s future never looked certain: there were exchange hacks like the 2014 Mt. Gox hack, the Silk Road marketplace, and the collapse of the FTX Exchange due to mismanagement. Despite these setbacks, the crypto industry has proven resilient. Today, there are 250 digital assets listed on Coinbase. Overall, there are more than 15,000 cryptocurrencies listed on over 1,000 exchanges. Though the crypto industry remains a ‘Wild West’ in many areas, 2025 will be remembered...

- Ethereum (ETH-USD) surged north of $4,000 early Friday, to near its highest level of the year, picking up from a broader altcoin rally that had been led by Ripple and Chainlink earlier in the trading day. Altcoins were rallying early Friday following news that Ripple would buy a stablecoin payments platform and Chainlink will launch a funded reserve for its own tokens. Ripple's XRP (XRP-USD) was up as much as 8% early Friday. Chainlink's LINK (LINK-USD) rose as much as 11%. Ethereum (ETH-USD) and Solana (SOL-USD) were up more than 1% and more than 2%, respectively, before the equity market opened on Friday morning. Ripple's Acquisition of Rail Ripple, the company behind XRP, the third-largest cryptocurrency by market cap...

- Altcoins were rallying early Friday following news that Ripple would buy a stablecoin payments platform and Chainlink will launch a funded reserve for its own tokens. Ripple's XRP (XRP-USD) was up as much as 8% early Friday while Chainlink's LINK (LINK-USD) rose as much as 11%. Ethereum (ETH-USD) and Solana (SOL-USD) were up more than 1% and more than 2%, respectively, before the open of the equity market on Friday morning. Ripple (RIPL.PVT), the company behind XRP, the third-largest cryptocurrency by market cap, announced Thursday that it would acquire Rail, a stablecoin-based global payments solution Ripple said will help the company to build out its own stablecoin payments platform. The deal, valued at $200 million and...

- DeFi protocol Sky is as investible as Congolese debt, S&P Global Ratings says According to one of the world’s most prominent ratings agencies, the $7.9 billion DeFi stalwart Sky is about as precarious as Congolese debt. S&P Global Ratings gave the DeFi lender a B- credit rating on Thursday, putting the protocol’s USDS and DAI stablecoins on par with government bonds from the Democratic Republic of the Congo. Assets of this rating are considered speculative grade investments, meaning the entities that issue them have the capacity to meet financial commitments, but are vulnerable to adverse business conditions. “As a longtime Maker watcher, and often critic, I am absolutely shocked by this S&P Global rating for Maker-Sky,”...

- Where Will Bitcoin Be in 10 Years? Key Points It wasn't always the case that Bitcoin (CRYPTO: BTC) was constantly in the news and always catching the attention of investors. In the early days, this digital asset flew under the radar. It was mainly viewed as a fun project for so-called "cypherpunks" who were interested in individual freedoms and a new financial order. Things have evolved drastically. Bitcoin now carries a market cap of $2.3 trillion, and it seems everyone is following its every move these days. That's not surprising, given that it has been without a doubt one of the best assets any investor could've owned. In the past decade, Bitcoin has soared 41,320% (as of Aug. 5). Maybe the future still presents upside for...

- Mega crypto exchange Binance partners with Spain's BBVA in a bid to restore investor confidence Binance is partnering with Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) to allow crypto customers to store their funds with the bank instead of keeping them directly on the crypto exchange, according to reporting by the Financial Times. The move is aimed at rebuilding trust with investors after Binance was hit with a record fine from US regulators nearly two years ago. Binance is the world’s largest cryptocurrency exchange by trading volume, and it handles billions of dollars in trades each day across hundreds of cryptocurrencies. What does this mean for crypto? BBVA, as a bank, will act as an "independent custodian" or a separate...

- PKF Littlejohn adopts ControlUp ONE platform PKF Littlejohn, a UK-based accountancy and advisory firm, has implemented the ControlUp ONE platform to enhance its IT infrastructure monitoring and telemetry capabilities. The accounting firm operates from offices in London, Leeds, and Manchester, focusing on the auditing of AIM and publicly traded companies. The adoption of ControlUp's technology aims to provide real-time insights into endpoint performance, address remote work challenges proactively, and optimise the accounting firm's IT infrastructure, which includes both physical and virtual environments. The ControlUp ONE platform has been deployed within PKF Littlejohn’s Virtual Desktop Infrastructure (VDI) and across its fleet...

- Why VC investments into crypto are seen to hit $25bn in 2025 Venture capital investors will back crypto startups to the tune of $25 billion in 2025. That’s according to Michael Martin, director at Ava Labs’ incubator Codebase, who said a perfect storm of bullish signals will incentivise investors to back crypto companies. He noted that factors like Circle’s successful public float, booming crypto market, Stripe’s acquisition of Privy, Wall Street pouring into blockchain projects, and new regulations for digital assets will drive even more investment in the last half of the year. “People have the proof points to invest with a level of confidence in earlier stage, real-world blockchain companies that they may not have had in the...

- Ripple to buy stablecoin payments firm Rail for $200m Cryptocurrency firm Ripple has reached an agreement to acquire the stablecoin payments platform Rail for $200m. The deal will allow Ripple to enhance its offerings by integrating Rail's stablecoin-focused payment infrastructure, including virtual accounts and automated systems for back-office operations. Rail's platform serves as a bridge between conventional fiat currency systems and stablecoin technology, providing a range of payment solutions. These include the provision of virtual IBANs, named accounts, and the facilitation of USD Rails and third-party payments for financial entities such as fintechs, neobanks, and enterprise organisations. Ripple Payments is known for its...

- Binance adds instant Mastercard withdrawals Binance has rolled out a new feature for its European customers that allows them to convert cryptocurrency into fiat currency and transfer or withdraw the funds directly to an eligible Mastercard in near real time. It is intended to speed up and simplify off-ramping, the process of converting cryptocurrency into spendable cash. The new feature is accessible via Binance's "Buy & Sell" service on both its website and mobile app. It is driven by Mastercard Move, the payment giant's array of money transfer products. Users can either sell cryptocurrency and have the fiat balance transferred directly to their card or remove an existing fiat balance from their card. According to Binance, the...

- Prediction: Dogecoin Will Be Worth $0.40 in 1 Year Key Points Dogecoin (CRYPTO: DOGE), which was created as a meme-based parody of Bitcoin in 2013, has experienced significant volatility since its market debut. It began trading at about $0.0002, reached a record high of $0.74 in May 2021, but now trades around $0.21. A $100 investment made at its peak would have briefly increased to $370,000 before settling at $100,000. While a 1,000-fold gain in less than 12 years is impressive, it may struggle to replicate similar growth over the next decade. Nevertheless, doubling its price to $0.40 within the next year seems achievable due to several factors. 1. The approvals for Dogecoin's spot price ETFs Several major crypto firms...

- SoftBank Group Corp is acquiring Foxconn Technology Group’s electric vehicle plant in Ohio to launch the Japanese company's $500 billion Stargate data center project with OpenAI and Oracle Corp, Bloomberg News reported on Friday. Foxconn did not immediately respond to a request for comment while SoftBank could not be reached for a comment. This article has been published in reuters.com via Yahoo News. https://finance.yahoo.com/news/softbank-buys-foxconns-ohio-plant-103055094.html

- China tells brokers to stop endorsing stablecoins in bid to avoid instability Chinese regulators have asked local brokers and other bodies to stop research publication and seminars to endorse stablecoins in a bid to check the asset class and avoid instability, Bloomberg News reported on Friday. Some brokerages and think tanks received guidance from market regulators in late July and earlier this month, pushing them to cancel seminars and discontinue dissemination of research on stablecoins, the report said, citing people familiar with the matter. Regulators are also concerned that stablecoins could be exploited as a new tool for fraudulent activities in mainland China, the Bloomberg report said. China Securities Regulatory...

- Can XRP Ever Surpass Bitcoin? Key Points In crypto, few assets have a fan base as vocal as XRP's (CRYPTO: XRP). The coin was born to move money for the banking system, and today, a few of its backers dream of something even bigger, like unseating Bitcoin (CRYPTO: BTC) to become crypto's top dog. That prospect feels tantalizing in a 12-month period when XRP has grown by 487% while Bitcoin "merely" doubled. But does the math, not to mention the market structure, leave any room for this flipping to happen? How steep is the hill for XRP? As of Aug. 5, Bitcoin's market cap sits near $2.2 trillion, making XRP's $177 billion look tiny in comparison. For XRP to flip Bitcoin, it would need to rise roughly 13x with Bitcoin standing still...

- 3 Things Investors Need to Know About Ripple (XRP) Key Points With a market cap of $177 billion, XRP (CRYPTO: XRP) now ranks as the third-largest cryptocurrency, trailing only Bitcoin and Ethereum. But how much do investors really know about XRP? Here's a closer look at three factors that you should keep in mind when investing in XRP. Ripple is not the same as XRP This is arguably the biggest mistake that many first-time crypto investors make. They interchange the terms Ripple and XRP, assuming that both apply to the cryptocurrency they are planning to buy. Ripple is a San Francisco-based tech company that specializes in financial payment technology, while XRP is the crypto token that Ripple created in 2012. The name Ripple is...

- Are Trump's Tariffs Tanking Crypto? Key Points The word "tariff" has a habit of making investors wince in anticipatory pain. President Donald Trump's chaotic attempts at implementing these sweeping new import taxes have yanked the market's attention around repeatedly this year. Crypto holders, long accustomed to wild price swings but now under new pressure, suddenly find themselves forced to confront trade policy in ways that they never had to before. Are these tariffs killing the crypto bull market, or merely adding even more raucous noise to an already rowdy asset class? Trump's tariff turbulence taunts the tenacious The first salvo of the tariff saga landed on April 2 when the White House signaled "Liberation Day" duties on 70...

- The five most popular stablecoins According to the latest research, just a handful of stablecoins account for nearly 95% of the market cap of the stablecoin industry. The two clear leaders are Tether (CRYPTO: USDT) and USDC (CRYPTO: USDC). Tether has a market cap of about $164 billion, while USDC has a market cap of roughly $65 billion (as of Aug. 6). After Tether and USDC come three smaller stablecoin issuers. Ethena USDe (CRYPTO: USDE) has a market cap of $9.6 billion, Dai (CRYPTO: DAI) has a market cap of $5.4 billion, and World Liberty Financial USD (CRYPTO: USD1) has a market cap of $2.2 billion. Both Ethena USDe and Dai are used as part of sophisticated decentralized finance (DeFi) strategies, and probably have little appeal...

- "Is XRP a Millionaire Maker?" Key Points XRP, the native cryptocurrency of the XRP Ledger, has made many millionaires since its public debut in 2013. Initially trading at $0.006 per token, it now trades at about $3. A $2,500 investment back then would be worth $1.25 million today. But could XRP turn a fresh $2,500 investment into $1 million again during the next decade? Let's review its past performance and future catalysts to find out. Why did XRP's price soar? The founders of Ripple Labs, a fintech company offering blockchain-based money transfers as a cheaper and faster alternative to traditional SWIFT transfers, created XRP in 2012. Ripple used XRP as a bridge currency to accelerate cross-border transfers for its customers...

- Ether, Dogecoin Rally as XRP Soars 12% in Altcoin-Led Crypto Surge Global risk appetite strengthened on Friday, with crypto, equities, and gold futures all pushing higher, while oil headed for its steepest weekly decline since June. Traders are balancing the tailwind from easing U.S.–Japan trade tensions against signals of cooling bitcoin (BTC) demand and heavier hedging in crypto options markets. In broader Asian markets, The MSCI Asia Pacific Index added 0.5%, set for its fifth straight day of gains. Japan’s Nikkei-225 jumped 2.3% after chief trade negotiator Hiroshi Suzuki said the US had agreed to end stacking on universal tariffs and cut car levies concurrently. Oil prices slipped toward a weekly drop of more than 4%, with...